Ether Falls 1.45% in an Hour to $2,442 as Long Liquidations Reach $12.43M

Ether (ETH) fell 1.45% in an hour to $2,442 at 10:07 a.m. ET (14:07 UTC) on Oct. 14, based on TokenPost’s direct collection of Binance spot ETH/USDT prices. The asset was down 2.78% over 24 hours. The one-hour move took Ether from $2,478 to $2,442. Over the same hour, liquidations totaled $12.43 million in long positions and $1.01 million in short positions across Binance, Bybit and OKX. A liquidation occurs when an exchange closes a leveraged position that can no longer meet its requirements. Ether is the asset used on the Ethereum network.